-ThePrint.in Christian Aid's findings come a month after the COP27 agreement to establish a loss and damage fund, which is being set up to assist developing countries vulnerable to the impacts of climate change. New Delhi: The top ten “costliest” extreme weather events in 2022 led to more than 120 billion US dollars in damages, a new report by UK-based relief and development agency Christian Aid has revealed, adding that the findings...
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Centre cuts windfall tax on domestic crude oil by 65%
-PTI/ The Telegraph The levy on crude down to Rs 1,700 per tonne from Rs 4,900, as per order coming into effect Friday New Delhi: The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on export of diesel and ATF following a drop in global oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural...
More »Exports rise marginally at 0.6% in November, trade deficit hits 7-month low
-Moneycontrol.com Exports in April-November amounted to $295.26 billion, up 11.1 percent, while imports were 29.5 percent higher at $493.61 billion India's merchandise exports posted a marginal increase in November on a year-on-year basis to $31.99 billion, data released by the commerce ministry on December 15 showed. The rise in exports in November was a mere 0.6 percent. The latest trade numbers come after data released last month showed exports contracted 17 percent in October...
More »The great gamble on the Russian oil price cap -Prashanth Perumal
-The Hindu The West’s attempt to cut Russia’s oil revenues without drastically affecting global oil supplies may be too fine a balancing act in the longer run The Group of Seven (G7) countries, the European Union and Australia have imposed a price cap on Russian sea-borne oil to make it harder for Russia to fund its war against Ukraine. Under the plan, which took effect on December 5 , Western companies that...
More »After measles, experts worry typhoid could pose the next health challenge as India delays vaccine -Tabassum Barnagarwala
-Scroll.in The country already has a high typhoid burden and increasing drug resistance could led to a rise in treatment cost and recovery time. The measles outbreak in Mumbai, followed by Ranchi, Ahmedabad and Malappuram over the past month has drawn attention to the large number of unvaccinated children. Over 16,000 suspected cases have been recorded in India. Of the 20 children who have died of measles since October 26 in the...
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